Sanasa Tech Feb Ltd

History of Sanasa Tech Feb Ltd

The Company was incorporated as Jeevo Motors Finance Company Limited' under the Companies Act, 1956 pursuant to Certificate of Incorporation dated October 22, 2009 issued by the Registrar of Companies, Maharashtra. Thereafter, name of the Company got changed to Sanasa Tech Feb Limited' pursuant to fresh Certificate of Incorporation and consequent upon change of name dated February 21, 2014, was issued by the Deputy Registrar of Companies, Maharashtra. The current Promoter is Mr. Savinder Singh Adhi, who acquired the Company on April 13, 2013. The Company is involved in trading of grey fabric and textile products viz. suiting and shirting. The Company initially incorporated with an objective to do a business of auto finance and other financial services. However due to sluggish market conditions and fiercely competitive financial markets, the Company did not pursue the business of financing. In the meantime, during the Current Year 2013-14, the Company started trading of various textile products which were of high quality and bulk trading. The present customer base is very small and concentrated in few areas only. The Company intends to grow the business by adding new customers and new geographies including export market. The Company face competition in business from other existing traders and manufacturers. The Company typically sell products through dealer distributor network and commission agents. It has a long standing relations with various dealers and/or agents thro ...ughout major market places in India. The Company believes in the saying 'Client is God' and that long-term relations are built on trust of the customers. Continuous client interactions help in understanding the basic requirement of the client and cater to their requirements perfectly. It also forms basis for planning expansion strategy, as the Company is able to monitor a potential product/ market closely.